The authors estimate the effect of financial incentives for reenlistment on military retention rates using a stochastic dynamic programming model. They show that the computational burden of the model is relatively low even when estimated on panel data with unobserved heterogeneity. The estimates...

This article provides evidence on changes in short-term job instability and insecurity using the Survey of Income and Program Participation. Monthly measures from this data set are contrasted with annual measures from the Survey of Income and Program Participation and the Panel Study of Income...